22nd Nov 2019 18:38
(Alliance News) - Marwyn Value Investors Ltd Friday said it is to return GBP5.3 million to realisation shareholders as a result of the takeover of BCA Marketplace PLC.
Earlier this month, private equity firm TDR Capital completed the takeover of the British car auction operator - in which Marwyn held a 4.6% interest - generating proceeds of around GBP65.5 million for Marwyn.
The proceeds attributable to ordinary shareholders will be used to support follow on investments in the company's current portfolio, and to support the launch of new management teams and acquisition firms.
The stock closed down 2.5% at 106.25 pence in London on Friday.
By Arvind Bhunjun; [email protected]
Copyright 2019 Alliance News Limited. All Rights Reserved.
Related Shares:
Marwyn Val.